NBSD vs. BBSB

Last updated Jun 4, 2026

NBSD (Neuberger Berman Short Duration Income ETF) and BBSB (JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF) are both exchange-traded funds - NBSD is a Short-Term Bond fund actively managed by Neuberger Berman, while BBSB is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. NBSD is actively managed, while BBSB is passively managed. Over the past year, NBSD returned 4.72% vs 3.43% for BBSB. A 0.56 correlation means they provide meaningful diversification when combined. NBSD charges 0.35%/yr vs 0.04%/yr for BBSB.

Performance

NBSD vs. BBSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Short Duration Income ETF (NBSD) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBSD achieves a 0.83% return, which is significantly higher than BBSB's 0.47% return.

NBSD

• 1D: -0.04%
• 1M: 0.20%
• YTD: 0.83%
• 6M: 1.27%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBSB

• 1D: -0.05%
• 1M: 0.10%
• YTD: 0.47%
• 6M: 0.74%
• 1Y: 3.43%
• 3Y*: 4.15%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NBSD vs. BBSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBSD Neuberger Berman Short Duration Income ETF	0.83%	6.18%	3.97%
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	0.47%	5.12%	2.81%

Correlation

The correlation between NBSD and BBSB is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.56

The correlation between NBSD and BBSB shifts across timeframes, from 0.56 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NBSD vs. BBSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBSD

NBSD Risk / Return Rank: 90
NBSD Sharpe Ratio Rank: 91
NBSD Sortino Ratio Rank: 95
NBSD Omega Ratio Rank: 95
NBSD Calmar Ratio Rank: 79
NBSD Martin Ratio Rank: 90

BBSB

BBSB Risk / Return Rank: 85
BBSB Sharpe Ratio Rank: 83
BBSB Sortino Ratio Rank: 93
BBSB Omega Ratio Rank: 89
BBSB Calmar Ratio Rank: 79
BBSB Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBSD vs. BBSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Short Duration Income ETF (NBSD) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NBSD	BBSB	Difference
Sharpe ratio: Return per unit of total volatility	3.24	2.71	+0.53
Sortino ratio: Return per unit of downside risk	5.32	4.61	+0.71
Omega ratio: Gain probability vs. loss probability	1.71	1.56	+0.15
Calmar ratio: Return relative to maximum drawdown	4.00	4.02	-0.02
Martin ratio: Return relative to average drawdown	20.74	16.55	+4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBSD vs. BBSB - Sharpe Ratio Comparison

The current NBSD Sharpe Ratio is 3.24, which is comparable to the BBSB Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of NBSD and BBSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBSD	BBSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	2.71	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	2.35	-0.30

Drawdowns

NBSD vs. BBSB - Drawdown Comparison

The maximum NBSD drawdown since its inception was -2.63%, which is greater than BBSB's maximum drawdown of -1.57%. Use the drawdown chart below to compare losses from any high point for NBSD and BBSB.

Drawdown Indicators

	NBSD	BBSB	Difference
Max Drawdown Largest peak-to-trough decline	-2.63%	-1.57%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-0.86%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.96%	—
Current Drawdown Current decline from peak	-0.14%	-0.25%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.31%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.21%	+0.02%

Volatility

NBSD vs. BBSB - Volatility Comparison

Neuberger Berman Short Duration Income ETF (NBSD) and JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF (BBSB) have volatilities of 0.35% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBSD	BBSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.36%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	0.85%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	1.27%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	1.66%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	1.66%	+1.12%

NBSD vs. BBSB - Expense Ratio Comparison

NBSD has a 0.35% expense ratio, which is higher than BBSB's 0.04% expense ratio.

Dividends

NBSD vs. BBSB - Dividend Comparison

NBSD's dividend yield for the trailing twelve months is around 4.81%, more than BBSB's 3.81% yield.

Position	TTM	2025	2024	2023
BBSB JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF	3.81%	3.69%	4.84%	3.50%
NBSD Neuberger Berman Short Duration Income ETF	4.81%	5.06%	2.96%	0.00%

Frequently Asked Questions

Can I hold both NBSD and BBSB in my portfolio?

NBSD and BBSB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBSD or BBSB?

BBSB has higher volatility (0.36%) compared to NBSD (0.35%). In terms of maximum drawdown, NBSD dropped -2.63% vs BBSB's -1.57%.

Which ETF is better, NBSD or BBSB?

On 1-year performance, NBSD leads with 4.72% vs 3.43% for BBSB. On fees, BBSB is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBSD or BBSB?

Over the 1-year period, NBSD has performed better with a 4.72% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBSD or BBSB?

BBSB is cheaper with a 0.04% expense ratio, compared with 0.35% for NBSD.

Which ETF pays a higher dividend yield, NBSD or BBSB?

NBSD has the higher dividend yield at 4.81%, compared with 3.81% for BBSB.

What is the main difference between NBSD and BBSB?

NBSD is categorized as Short-Term Bond, while BBSB is Government Bonds. They also come from different issuers: Neuberger Berman and JPMorgan. Their fees differ too: 0.35% for NBSD and 0.04% for BBSB.

Which has better risk-adjusted returns?

NBSD currently has the higher Sharpe Ratio (3.24 vs 2.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.